Last year was a good year for oil stocks. This year, not so much...
Technical wise, this 50 / 200 day moving average cross or death cross is showing weakness for XOM. The death cross only tells you that price action has deteriorated over a period a little longer than two months, if the crossing is done by the 50-day moving average. $100 is a big level that's held for most of the year...
Like watching paint dry lately. But interesting that they are investing in lithium now. Might be a game changer. Ive been wanting to invest in XOM, but it hardly moves.